Page 3 - Food And Beverages

TPCI seeks support measures in Budget to promote food, beverage industry

The Trade Promotion Council of India (TPCI) on Tuesday suggested the government to announce incentives in the forthcoming Budget for activities such as branding and marketing of made in India products, setting up of modern R&D labs and duty-free import of raw material by SEZ units with an aim to promote the food and beverages industry. It also demanded input tax credits for the industry, incentivise institutions for traceability in the food supply system; subsidy for testing in the food sector, funds for setting up food and beverage tech machinery manufacturing plants; and interest subvention scheme for MSMEs. "Looking at the great potential which the agri and food sector holds for the economy, this sector needs further thrust and renewed focus. The agri and food sector has shown a resilient growth of more than 20 per cent sustainably despite tough times," V K Gauba, Additional Director General TPCI said in a statement. The agri and food exports may touch USD 40 billion mark this .

NRAI asks top mall owners, landlords to give rental waiver to F&B retailers

The restaurant body suggested pure revenue share for the period when restricted operations are imposed, in the open letter

PepsiCo logs double-digit volume growth in Q3 in India

Recovery from the Covid-19 pandemic led to an increased consumer demand impacting positively the company's revenue

Meet the man who plans to disrupt the retail coffee biz by democratising it

Chaitanya Chitta's brand SLAY has a three-pronged strategy aimed at ushering a marked shift in coffee drinking from indulgence to habit among millenials, in much the same way as pizza

Market share gains to support volume growth for Varun Beverages

Amid restrictions, the company is banking on higher in-home consumption, new launches to drive sales

A business hotel for that great weekend getaway with your family and Fido

WFH and travel paranoia during Covid-19 have lowered occupancy in these hotels, forcing them to offer alluring rates as low as Rs 5,000 a night with meals to leisure customers

Pick-up in leisure travel helps hotels post sequential revenue growth

Cost cutting initiatives by Indian Hotels, EIH helps restrict loss at the operating level

Hotels limp back to normalcy as business travel remains depressed

Recovery still far away; blended average occupancy up 28-30% in current quarter from 18-25% in three months to September

Food and beverage companies see red over FSSAI roadblocks near schools

The sale of other foods around schools has also been restricted. The list includes ice cream, sweets, canned or preserved vegetables, meat, fish, pulse-based snacks, nuts, white bread and biscuits.

Don't get spooked by the inflation

Monetary policy today is on the right track, delivering 4% year-on-year CPI inflation, which is the most that it can do

Recipe for growth: Don't bet everything you have, says Lemon Tree's Keswani

The fast-talking Keswani tells Pavan Lall what he learnt from former boss Russi Mody, how he was let down by a private equity investor and why he launched an upscale hotel in Udaipur

Gits eyes new revenue streams to fuel growth in mixes and convenience foods

Company is now focussing on expanding its B2B vertical at home. In exports, Gits is now focussing on local populace, after successfully tapping Indian expatriates

F&B giants brace for tax onslaught

The government is also considering a nationwide 'fat tax' for so-called 'junk foods'

Shocking: Nine leading food and beverages brands in India lag behind in high nutritional quality

135 million Indians are obese, according to 2015 Indian Council of Medical Research study